Retirement Planning in Summit, NJ

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List of Firms

Top Retirement Planners in Summit, NJ

Beacon Hill Private Wealth, LLC
Location 350 Springfield Ave Ste 200, Summit, NJ 07901, USA
Phone (908) 608-8444
Language https://www.beaconhillprivatewealth.com/
Directions
Summit Place Financial Advisors
SEC File# 801-96169
CRD# 147984
Location 18 Bank St Ste 202, Summit, NJ 07901, USA
Phone (908) 517-5880
Language https://summitplacefinancial.com/
Directions
Circle Wealth Management
SEC File# 801-67841
CRD# 142878
Location 47 Maple St STE 201, Summit, NJ 07901, USA
Phone (908) 206-1308
Language https://www.circlewm.com/
Directions
Point View Wealth Management, Inc.
Location 382 Springfield Ave STE 208, Summit, NJ 07901, USA
Phone (908) 598-1717
Language http://www.ptview.com/
Directions
Summit Private Investments Inc
Location 47 Maple St STE 103, Summit, NJ 07901, USA
Phone (908) 522-1414
Language http://www.spifunds.com/
Directions
Retirement Planning in Summit, NJ

About Summit, NJ for Those Planning to Retire

Summit, NJ is a bustling city full of history and culture. This city is home to a plethora of landmarks, including the Reeves-Reed Arboretum, the Summit Playhouse, and the Summit Historical Society. The top employers in Summit include Overlook Medical Center, Celgene Corporation, and Atlantic Health System. The city is easily accessible by major highways such as Route 24, Route 78, and the Garden State Parkway. The streets of Summit are lined with charming boutiques, restaurants, and cafes, and the neighborhoods are diverse and welcoming. Whether you're strolling through downtown or exploring the natural beauty of the surrounding area, Summit is a city that has something for everyone.

Other Financial Planning Services for Retirement

Banks and Credit Unions

Residents of Summit, NJ can benefit from a bank in a number of ways. Firstly, banks can provide financial assistance to small businesses in the area, which can help to boost the local economy. Additionally, banks can offer mortgage and loan services to residents who are looking to purchase a home or make a large investment. This can be particularly useful in Summit, NJ, where the cost of living is relatively high compared to other areas in the state. Furthermore, banks can offer financial planning and investment advice to residents who are looking to grow their wealth and secure their financial future. This can be especially important for those who may be nearing retirement age and are looking to ensure a comfortable retirement. Overall, a bank can provide a range of services that can be of great benefit to residents of Summit, NJ.

Insurance Broker

Residents of Summit, NJ can benefit from an insurance broker in several ways. Firstly, an insurance broker can help residents to navigate the complex world of insurance policies, ensuring that they get the coverage they need at a price they can afford. Additionally, an insurance broker can provide personalized advice and support, helping residents to understand the nuances of their policies and make informed decisions about their coverage. For example, in Summit, NJ, where severe weather events are becoming increasingly common, an insurance broker can help residents to ensure that they have adequate coverage for damage caused by floods, hurricanes, and other natural disasters. Finally, an insurance broker can help residents to save money on their insurance premiums by shopping around for the best deals and negotiating with insurance companies on their behalf. Overall, working with an insurance broker can be a valuable investment for residents of Summit, NJ, helping them to protect their assets and secure their financial future.

Wealth Management

Residents of Summit, NJ could benefit from a wealth manager in a variety of ways. For instance, Summit, NJ is known for its affluent community and high cost of living. Therefore, a wealth manager could assist residents in creating a financial plan that takes into account the unique financial challenges of living in Summit. This could include developing investment strategies that maximize returns while minimizing risk, creating a plan for saving for retirement, and ensuring that residents have adequate insurance coverage to protect their assets. Additionally, a wealth manager could help residents navigate the complex tax laws that are specific to New Jersey, which can be particularly challenging for high net worth individuals. By working with a wealth manager, residents of Summit, NJ can feel confident that their finances are being managed in a way that aligns with their long-term goals and objectives.

Financial Advisor

Residents of Summit, NJ can benefit greatly from the guidance of a financial advisor. With its affluent community and high cost of living, Summit residents may face unique financial challenges and opportunities. A financial advisor can help navigate the complexities of investing in the local real estate market, which has seen significant growth in recent years. Additionally, they can provide advice on managing high levels of debt, such as student loans or mortgages, and help develop a plan to pay them off efficiently. With many residents working in finance or other high-paying industries, a financial advisor can also provide guidance on maximizing retirement savings and minimizing tax liabilities. Overall, a financial advisor can help Summit residents achieve their financial goals and secure their financial future in this competitive and dynamic community.

Mortgage Loan Officer

Residents of Summit, NJ can benefit from the expertise of a mortgage loan officer in many ways. Firstly, the officer can help them understand the intricacies of the housing market in Summit, which is known for its high property values. Additionally, the officer can assist in finding the best mortgage rates and programs for the specific needs of each individual. This is particularly important in Summit, where the median home price is over $1 million. The officer can also guide residents through the complex process of applying for a mortgage and help them navigate any obstacles that may arise. With their knowledge and experience, a mortgage loan officer can make the home buying process in Summit, NJ much smoother and less stressful for residents.

Tax Services

Residents of Summit, NJ can benefit from the services of a tax advisor in various ways. For instance, a tax advisor can help residents of Summit, NJ navigate the complex tax laws and regulations that apply to their specific situation. This is particularly important given the high cost of living in Summit, NJ, which can result in a higher tax burden for residents. Additionally, a tax advisor can help residents of Summit, NJ minimize their tax liability by identifying deductions and credits that they may be eligible for. This can be especially helpful for residents who own businesses or have investment income. Furthermore, a tax advisor can provide guidance on estate planning and other financial matters that can have a significant impact on a resident's tax situation. Overall, the expertise of a tax advisor can be invaluable for residents of Summit, NJ who want to ensure that they are making the most of their financial resources and minimizing their tax liability.

Estate Planning Lawyer

Summit, NJ residents can benefit from the services of an estate planning lawyer in a variety of ways. One specific area where an estate planning lawyer can be particularly helpful is in creating a comprehensive plan for passing down family-owned businesses. Summit, NJ is home to a number of small, family-owned businesses that have been passed down through generations. These businesses are often the lifeblood of the community and play a vital role in the local economy. An estate planning lawyer can help business owners create a plan for passing down their businesses to the next generation, ensuring that they continue to thrive for years to come. Additionally, an estate planning lawyer can help Summit, NJ residents create wills and trusts that protect their assets and provide for their loved ones after they pass away. This can help alleviate the stress and uncertainty that often accompanies end-of-life planning, giving residents peace of mind and the ability to focus on enjoying their golden years.

FREQUENTLY ASKED QUESTIONS

Retirement Income Planning FAQs

Retirement planning services offered by a retirement planner in Summit, NJ can be quite comprehensive. These services include evaluating a client's current financial status, analyzing their future needs, and devising a customized retirement plan that fits their unique requirements. A retirement planner in Summit, NJ can also provide advice on investment options, tax planning, and estate planning. Summit, NJ is an affluent community with a high cost of living, which makes retirement planning services even more critical for its residents. The retirement planner can help clients navigate the complexities of the local real estate market, which can be quite volatile, and provide guidance on how to maximize their retirement income while minimizing their tax liability. With the help of a retirement planner in Summit, NJ, clients can have peace of mind knowing that they have a solid plan in place to enjoy their golden years.

Summit, NJ is the ideal place to seek out a retirement planner due to its abundance of financial experts and resources. With its proximity to New York City, Summit attracts top-tier financial professionals who are well-versed in retirement planning. The town is home to several reputable financial institutions, including banks, investment firms, and insurance companies, which offer a wide range of retirement planning services. Additionally, Summit boasts a strong community of retirees who have already navigated the retirement planning process and can offer valuable insights and advice. With its combination of expert professionals and knowledgeable retirees, Summit provides a unique and comprehensive approach to retirement planning that is unmatched in other areas.